Dynemic Products Limited (DYNPRO) AI Stock Analysis

• Market Cap: ₹2.82B
• Dividend Yield: N/A
• Average Volume (3M): 1.91K
• Price to Earnings (P/E): 15.6
• Beta (1Y): 0.75
• Revenue Growth: 13.70%
• EPS Growth: 45.64%
• Country: IN
• Employees: 446
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 3.83
• Shares Outstanding: 12,428,387
• 10 Day Avg. Volume: 1,079
• 30 Day Avg. Volume: 1,912
• PEG Ratio: 0.07
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 0.94
• P/FCF Ratio: 15.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹238.00 ▼(-5.35% Downside)
• Action: Reiterated Date: 11/14/25
• Date: Action: Reiterated 11/14/25

The overall stock score for Dynemic Products Limited is primarily influenced by its solid financial performance, which is offset by bearish technical indicators. The stock's valuation is moderate, but the lack of a dividend yield may deter some investors. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Strong cash generation

The operating cash flow to net income ratio of 1.90 and positive free cash flow indicate the business converts earnings into cash effectively. Durable cash generation supports capex for manufacturing, funds contract fulfilment, and provides buffer for debt servicing and strategic investments over the medium term.

Manageable leverage and strong equity base

A debt-to-equity of 0.43 and equity ratio near 54% signal conservative capital structure and financial resilience. This durable balance-sheet strength helps sustain operations during cyclical raw material swings, supports bidding for contract manufacturing work, and preserves financial flexibility for strategic growth.

Improving margins and revenue growth

Expansion in gross margin to 47.45% alongside revenue growth shows structural improvement in pricing, product mix, or cost control. Sustained margin uplift across EBIT/EBITDA suggests operational efficiencies that can translate into lasting profitability gains if maintained in contract manufacturing and specialty chemical segments.

Negative Factors

Low net profit margin

Despite margin improvements, a net margin of ~4.2% leaves limited headroom to absorb raw-material inflation, pricing pressure, or unexpected costs. Over 2-6 months this constrains free cash flow sensitivity and limits the company’s ability to build reserves or finance growth without relying on external funding.

Negative FCF growth vs prior year

FCF is positive but fell roughly 21.7% year-over-year, indicating volatility in cash conversion. If this trend persists, it could reduce capital available for reinvestment, slow capacity expansion for higher-value molecules, and increase reliance on working capital or debt to fund operations.

Moderate ROE and need to manage debt

An ROE of 6.69% signals modest returns on shareholders' capital relative to peers in specialty chemicals. Combined with the explicit note to monitor debt levels, this suggests limited capital efficiency; sustained improvement is needed to generate stronger shareholder returns without increasing leverage.

Dynemic Products Limited Business Overview & Revenue Model

Company Description

Dynemic Products Limited engages in the manufacturing and selling of dyes and dye intermediates in India. It offers food colors that are primarily applied in coloring food, drug, and cosmetic products; lake colors that are used in the application of pharmaceuticals, cosmetic and personal care products, spice compounds, bakery and dairy products, and snack foods; and blended colors. The company also provides food drug and cosmetic colors; salt free dyes for inkjet industry; and dyes intermediates, such as pyarazolone, naphthalene, and benzene based dyes intermediates that are applied in reactive, metal complex, acid, ramazol, and direct dyes, as well as in food colors. In addition, it offers drug and cosmetic colors for tablet coatings, compressed tablets, syrups, hard and soft gelatin capsules, toiletries, skin-care products, water-based make-ups, lipsticks, nail polishes, pencils, foundations, and lip glosses; and natural food colors. The company also exports its products worldwide. Dynemic Products Limited was incorporated in 1990 and is based in Ahmedabad, India.

How the Company Makes Money

Dynemic Products Limited generates revenue through the sale of its specialty chemicals and additives to various industries, including coatings, plastics, and textiles. The company operates on a business-to-business (B2B) model, supplying its products directly to manufacturers and industrial clients. Key revenue streams include bulk sales of chemical formulations, custom product development, and long-term supply agreements with key clients. Additionally, DYNPRO benefits from strategic partnerships with distributors and industry leaders, which help expand its market reach and enhance brand visibility. The company also invests in research and development to innovate new products, catering to niche markets and adapting to changing industry demands, further contributing to its earnings.

Dynemic Products Limited Financial Statement Overview

Summary

Dynemic Products Limited exhibits solid financial performance with significant revenue growth and improved profitability margins. The balance sheet is stable with a strong equity base, though debt levels should be managed closely. Cash flow generation is robust, supporting the company's ability to invest and grow.

Income Statement

Dynemic Products Limited has shown strong revenue growth, with a significant increase from the previous year. The gross profit margin has improved to 47.45% in 2025, and the net profit margin has increased to 4.16%, reflecting better cost management and profitability. EBIT and EBITDA margins have also improved, indicating efficient operations. However, the net profit margin remains relatively low, suggesting room for further profitability enhancement.

Balance Sheet

The company's debt-to-equity ratio is 0.43, showing a manageable level of debt compared to equity. The return on equity (ROE) is 6.69%, indicating moderate profitability relative to shareholders' equity. The equity ratio of 53.89% suggests a strong equity base, providing financial stability. Despite these strengths, the company should monitor its debt levels to maintain financial health.

Cash Flow

Dynemic Products Limited's free cash flow has turned positive with a growth rate of -21.74% compared to the previous year, indicating improved cash generation. The operating cash flow to net income ratio of 1.90 shows strong cash flow generation relative to net income. However, the company should focus on sustaining free cash flow growth to support future investments and debt repayments.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.75B	3.61B	2.80B	2.89B	2.43B	2.01B
Gross Profit	1.75B	1.71B	623.96M	170.28M	564.46M	568.13M
EBITDA	510.50M	483.00M	304.02M	240.32M	409.07M	435.57M
Net Income	170.34M	150.00M	36.18M	-29.40M	142.98M	284.94M
Balance Sheet
Total Assets	0.00	4.16B	4.00B	4.12B	4.15B	3.51B
Cash, Cash Equivalents and Short-Term Investments	21.78M	23.82M	17.71M	19.89M	22.94M	8.17M
Total Debt	0.00	958.75M	1.15B	1.48B	1.74B	1.53B
Total Liabilities	-2.24B	1.92B	1.97B	2.29B	2.44B	1.95B
Stockholders Equity	2.24B	2.24B	2.03B	1.83B	1.70B	1.56B
Cash Flow
Free Cash Flow	0.00	215.16M	274.90M	238.39M	-146.44M	-770.77M
Operating Cash Flow	0.00	284.31M	302.74M	247.68M	396.86M	481.45M
Investing Cash Flow	0.00	-59.26M	-6.45M	-7.94M	-549.24M	-988.20M
Financing Cash Flow	0.00	-243.97M	-304.25M	-262.22M	122.37M	493.71M

Dynemic Products Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 251.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DYNPRO, the sentiment is Negative. The current price of 251.45 is above the 20-day moving average (MA) of 227.25, above the 50-day MA of 240.26, and below the 200-day MA of 299.45, indicating a bearish trend. The MACD of -1.24 indicates Negative momentum. The RSI at 45.67 is Neutral, neither overbought nor oversold. The STOCH value of 19.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DYNPRO.

Dynemic Products Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DICIND	64 Neutral	₹5.04B	25.24	―	0.82%	1.34%	283.51%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DYNPRO	61 Neutral	₹2.82B	15.65	―	―	13.70%	45.64%
LORDSCHLO	54 Neutral	₹3.25B	11.89	―	―	39.31%	―
GENUSPAPER	50 Neutral	₹3.35B	35.18	―	―	23.58%	154.81%
ARCHIDPLY	49 Neutral	₹1.79B	38.66	―	―	35.50%	―
KANORICHEM	45 Neutral	₹3.35B	-7.53	―	―	-1.30%	-27.85%